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    4 Warren Ave Chelsea, MA 02150

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    For Sale
    $1,550,000

    Six-unit multifamily in Chelsea's Prattville neighborhood with strong cash flow.

    Lot size:
    0.17 Acres

    Property Features for 4 Warren Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty - Boston Agent Jonathan Hoyos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chelsea Multifamily Investment Opportunity

    This six-unit multifamily property is located in the Prattville neighborhood of Chelsea, Massachusetts, offering an investment opportunity. The building features two lower-level units with full-height ceilings and two egresses, two first-floor units, and two second-floor units. Four of the six units have been updated with modern kitchens and baths. Each apartment is equipped with separate utilities and a private rear balcony. The building includes gas heating systems that are approximately 10 years old, a fire panel, and a common electric meter. Off-street parking is available for six cars. The roof was replaced 8 years ago, and the siding is 15 years old. The property is situated in a commuter location near the Tobin Bridge and Revere Beach Parkway.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0343173
    Latitude
    42.402679

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily in Chelsea's Prattville neighborhood with strong cash flow.
    Where is this apartment building located?
    The property is located at 4 Warren Ave Chelsea, MA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Strong current cash flow with **67% CAP rate** and upside potential through future rent increases.; - Prime commuter location in Chelsea's desirable Prattville neighborhood, close to Boston, Tobin Bridge and Revere Beach Parkway.; - Six-unit multi-family with separate utilities for each apartment and **off-street parking for 6 cars**.
    (617) 407-7364
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Warren Ave Chelsea, MA 02150
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